This actually gets into "regulated" vs "buyer beware" banking markets. And crypto is still a "buyer beware" market where reputation can be bought with super bowl ads. And then getting "glowing" reviews from the crypto press on their sudden "success".

True custodial banks could in fact be fraudulent for allow e know. But they don't buy super bowl ads to buy reputation -- they've earned it over the course of decades.

Real banking should be boring.